IT Procurement Manager Interview Questions and Answers

Procurement process involves identifying needs, sourcing suppliers, negotiating contracts, and managing supplier relationships.

• Identify needs and requirements

• Research potential suppliers

• Negotiate terms and pricing

• Create and manage contracts

• Monitor supplier performance

• Ensure compliance with regulations and company policies

SOW and contracts involve defining scope, deliverables, timelines, and terms for IT projects.

• Statement of Work (SOW) outlines project scope, objectives, deliverables, and timelines.

• Contracts specify legal terms, payment terms, warranties, and dispute resolution mechanisms.

• Negotiation is key to ensure both parties agree on terms and conditions.

• Reviewing and finalizing SOW and contracts is crucial before project commencement.

• Regular monitoring and updates to SOW and contracts m...read more